Refer to the Graph, Which Shows the Domestic Demand and Supply

question 23

Multiple Choice

Refer to the graph, which shows the domestic demand and supply curves for a specific product in a hypothetical nation called Econland. When the world price for this product is $0.50, Econland will

• A) import 500 units.
• B) import 100 units.
• C) import 400 units.
• D) export 100 units.

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